Loan to Buy Bounce U Franchise Issued By Preferred Capital Bidco, Inc.

Need a loan to invest in a Bounce U franchise? Preferred Capital Bidco, Inc. has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Bounce U franchise? If so, here's a 2007 SBA franchise loan that you should know about. Preferred Capital Bidco, Inc. was the lender and the entrepreneur was based in Medford (census Name Medford C, New Jersey.

SBA Loan Borrower

BOUNCEU
MEDFORD (CENSUS NAME MEDFORD C, NJ 08055

SBA Loan Lender

PREFERRED CAPITAL BIDCO, INC.
300 DELAWARE AVENUE, SUITE 13
WILMINGTON, DE 19801

This lender provides SBA guaranteed business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

9/19/2007

Loan Approval Gross Amount

$768,000

Loan Approval from the SBA

Of the total $768,000 loan amount, the SBA guaranteed $576,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Bounce U franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Preferred Capital Bidco, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Preferred Capital Bidco, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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